SPREADS July crush trades to 87.59c/bu while oilshare firms to 32.0%. Jly/Dec corn trades from 12c to 12 1/2c, while July/Sep trades from 3 1/2c out to 3 3/4c. July/Nov beans trades into 6c from 7 1/2c. July /Dec meal trades from $5.40 to $5.90. July wheat/corn trades from 1.81 3/4c to 1.76c. July/Dec wheat trades from 12 1/2c to 13 1/4c. PALM OIL August is 61 ringgits higher, closed 2.9% higher to close at 2,152 ringgit/ton, a one month high on signs of physical buying from China to replenish pipelines, while a recovery in petroleum increased optimism for biofuel demand. NEWS Global stocks are higher with the Dow following as well, up over 700 pts to begin the mor...
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.